I wanted to share that I succesfully got a federal tax lien removed from my credit report. I had an old federal tax lien that was paid in full in 2006. Even though my credit report reflected the release of the lien and a $0 balance, it was still a derogatory item to have on my credit report. In mid-October I submitted IRS Form 12277 "Application for Withdrawal" of a federal tax lien. My application was approved in early November. I mailed out copies of the IRS approval for the withdrawal to all three CRAs. Earlier this week I checked my Experian credit report and the federal tax lien is gone. I have not checked Trans Union or Equifax.
I assumed that if the federal tax lien was completely removed, that my score would increase a few points, but it hasn't. Wouldn't something like this improve my Experian credit score?
It will depend if you have any other derogatory information in your report. You may have been rebucketed into another group of individuals.
MyFICO Pulled: (11/28/2012) EQ 635, TU 650, EX 661 Lender Pulled: (12/05/2012) EQ 635, TU 677, EX 641 Lender Pulled: (02/20/2013) EQ 667, TU 661, EX 648 MyFICO Pulled: (05/30/2013) EQ 712, TU 685, EX 686